NAPA flattens its North Texas portfolio

​​​​​DALLAS – Austin-based NAPA Ventures LLC has sold four of their multifamily properties in North Texas.

The company purchased the properties as part of an eight-property portfolio in 2016 and renovated each as part of a value-add strategy.

The properties include:

• Westwood Apartments at 3064 Spruce Valley Ln. in Dallas;
  

• Ravenwood Apartments at 2333 Escalante Ave. in Fort Worth;
  

• Oates Creek Apartments at 1805 Oates Dr. in Mesquite; and
  

• Brandon Mill Apartments at 8081 Marvin D. Love Fwy. in Dallas.​
  

NAPA is also set to sell two more properties this quarter: the 650-unit Montecito Creek Apartment Homes at 11300 Amanda Ln. in Dallas, and the 159-unit Pleasant Creek Apartments at 1255 W. Pleasant Run Rd. in Lancaster.​